The PHIT bill (H.R.1267 and S.482) is federal legislation that addresses the growing threat that physical inactivity poses to our nation by opening up options for how Americans can pay for exercise expenses.
It would allow any American to use pre-tax accounts, such as Health Savings Accounts and Flexible Spending Accounts, to pay for qualified fitness expenses. This would include youth sports fees, exercise equipment, health club membership, and other exercise costs.
That means people would be able to use their healthcare dollars for staying healthy and preventing costly illnesses in the first place. If passed, PHIT would enable Americans to use $1,000 pre-tax and families up to $2,000 each year for fitness activities. That’s a projected, and meaningful, savings of 20 to 30 percent on fitness costs annually.
Dont you just love it? Every scheme in the book, every tax loophole and nothing to support any of this saving money or keeping you healthy or that anyone will follow through on any such activities to the extent they have any chance of impacting ones health status.